Under Management Fruit and Veg Grocery with Deli and Cafe - Netting $17,000 p/ w - South Coast

Background and venue

Country Grocer is a family owned business with over 20 years experience in fruit and veg and retail stores. Country Grocer is passionate about fresh produce, hand picking only the best fruit & vegetables daily.

The store runs one of the best deli's in the region serving freshly cut cold meats, cheeses, olives, seafood and a great section of frozen products.

Newly fitted out cost over $1million. Which includes a café averaging around $25,000 - $30,000 per week.

Currently also selling continental groceries including dried fruit, nuts, oils, rice, dips, bread, pasta, dairy and meat products. Pre made dinner packs.

Currently run under management with the owner only involved in the buying of fruit and veg. 7 days operation

Potential to convert to IGA subject to landlord approval.

Operating Hours

Monday to Sunday 8.00am 5.30pm

Employees

4 full time managers, 35 to 40 casual staff

Lease

10 year lease expires 2031+ 5 year option, 3% annual increase, 1 month bond

Potential

* Low rent representing less than 3% of turnover

* Introduce online home deliveries

* Introduce more home packs or premade lunch, dinner

* Advertise on social media, facebook, Instagram

Weekly Financials Based on Last 12 Months POS Sales

Weekly Takings $150,000
Cost of Goods $83,700
Gross Profit $57,000
Rent $3840 (ex gst)
Outgoings $300
Wages $29,000 (includes super, not including owners)
Telephone $50 (includes internet)
Insurance $800
Electricity $1200 (includes gas)
Transport $1500
Misc 1 $3000 (repairs and maintenance, GST, waste
removal)

Total Expenses $39,690
Nett Profit $17,310
Stock $350,000

Asking Price $1,950,000 + Stock ($300,000)

Reason for sale:

The owner is looking to retire after 20 years in the business.